real estate asset: ... land and that which is affixed to it naturally or by construction having a value related to its utility or because it is equiped with marketable property; that which meets the definition of real estate which is managed as it it is used so that its investor(s) and lender(s) are, at least, protected from its loss of value; that which is a part part and parcel of the enterprise development process which becomes a manageed object for future economic benefit at time when its utilitarian value to its owner is exhaused. Ingentaconnect.com has an abstract published online from Facilities, a journal. Its title:: The role of real estate assets in supporting the fulfillment of corporate business plans: key organizational variables for an integrated resource management framework. To view the abstract, CLICK HERE) Enterprises that do not transact in buying and selling property as their main line of business may employ specialiest as real estate asset managers. An assets management specialist as an overseer of maintenance and disposition of real property within a relatively large compay is typically close to it enterprise development activities, especially, will oftern lead or guide site selection projects. Use the tool above to search for a location of interest which is same as a place of interest. related: xx; xx;
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corporate real estate executive: The defininition for both commercial and industrial asset managers in this enterprise and economic development glossary offers a search of the Global Registry of Contacts for resource and service providers. Among them are area and local development contacts as well as other location data suppliers of interest to corporate real estate executives and site selectors. site selection as well as development, maintenance, and disposition of real property. A manager with such responsibilities is typically involved in enterprise development. Various associations focus on enterprise management as it relates specifically to real estate assets, for example, the Industrial Asset Management Council which states at its website: (IAMC) ... is the leading association of
industrial asset management and corporate real estate executives,
their suppliers and service providers, and economic developers. Notice that the definition of real estate asset manager above shows a quote using the expression, corporate real estate executives. The predecessor organization to IAMC, the International Development Research Council (IDRC), referred to its active members for years as corporate real estate executives although their titles covered a wider range of responsibility levels for real estate assets and, especially, focused on their involvement in site location work (Site Selection Magazine ... official publication of both IDRC and IAMC). The reference sets the precedent for defining corporate real estate executive, a loosely used expression, as anyone having management responsibilities related to property assets for an enterprise that doesn't deal in real estate transactions as its main line of business. Following is an example of the use of the term by Corenet Global: CoreNet Global's membership base totals 7,000 corporate real estate executives, service providers and economic developers. This professional mix reflects the industry's focus on global alliance partnerships and on integrating the management of corporate assets, the workplace and infrastructure (source of quote) related: xx; xx
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FYI: definition of asset, what is an asset, what are assets, definition of asset management, what is an asset manager, what is a business asset, what is an industrial asset |
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06/28/2010 |